I was under the impression from reading stuff Gwern wrote that Intrade was a bit expensive unless you were using it a lot. Also, even assuming I made money on it, wouldn’t I be liable for tax? I intend to give owning shares via a self-select ISA a go.
If Intrade were an efficient market that made use of all of the information in the world, that would be true. People make enough bad bets often enough that it’s not too hard to find predictions that are obviously priced wrong.
I was under the impression from reading stuff Gwern wrote that Intrade was a bit expensive unless you were using it a lot. Also, even assuming I made money on it, wouldn’t I be liable for tax? I intend to give owning shares via a self-select ISA a go.
If Intrade were an efficient market that made use of all of the information in the world, that would be true. People make enough bad bets often enough that it’s not too hard to find predictions that are obviously priced wrong.